State Awards Job Training Funds to 14 Companies in November and December
15 Jan 2024
Fourteen New Mexico companies have been approved for funding through the New Mexico Economic Development Department’s Job Training Incentive Program (JTIP) for November and December of 2023, Acting Cabinet Secretary Jon Clark announced. Eight companies were approved for training funds in November and six others in December.
Companies seeking training funds are located throughout New Mexico – Albuquerque, Belen, Bloomfield, Las Cruces, Los Alamos, Roswell, Sunland Park, and Taos. Most of these companies are bringing high-tech, high-paying careers to their communities and may train up to 395 workers.
JTIP funding is disbursed to approved companies on a reimbursement basis, after all training is complete. Businesses have a certain amount of time to hire employees and spend the training grants or the award is surrendered, going back to EDD for future JTIP utilization. The program has been instrumental in bringing, keeping, and growing New Mexico companies while also providing strong encouragement for companies to hire and train New Mexicans in key positions.